Anthony Veder Group N.V.

Anthony Veder Group N.V. (62.9%) is a Rotterdam (the Netherlands) based shipping company. At the end of 2017 the company had 686 FTE’s (2016:735) and operated 30 gas tankers (2016: 29), of which 25 (2016: 24) were (partially) owned. In addition, at the end of 2017, Anthony Veder had one LNG carrier under construction. This vessel was delivered in January 2018. Revenues for 2017 (including recharged bunker and port costs) amounted to $ 174 million (2016: $ 167 million). Revenues excluding recharged bunker and port costs amounted to $ 138 million (2016: $139 million). Operating income amounted to $ 22 million (2016: $ 25 million). Lower freight rates of two mid-sized vessels and more docking days are the primary reasons for the lower operating income.